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Dec 26, 2012
12/12
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obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered the deficit. pass his tax cut. a win and he can blame the g.o.p. i would argue i don't think the g.o.p. had the ball on this fight. i don't think they gave it up. i don't think they had it. it's very tough for them to win against the white house like this. and a white house press corps that is not going to report anything negative against the president. >> eric: the ball is a debt ceiling. remember, all the negotiations, tell you, i'll get to greg, they have to go through the house. money negotiations go through the house. if the house says no on raising debt ceiling they can create havoc. go ahead. >> greg:
obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered...
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Oct 18, 2012
10/12
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CNBC
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is tax reform dead if obama is re-elected? and will it just take -- we have to wait until mitt romney comes in. >> it's not dead. i'm sorry, david, i thought he directed the question at me. yeah, i'm afraid it is. you have to understand president obama struggles every day with his limitations, his vision is very constricted, he has no training, no experience, no imagination and worst of all, he has no willingness to consider a point of view that comes from outside his very, very seques r sequestered upbringing and experience, he just doesn't have the creativity to get beyond himself. >> got the leave it there. >> coming up on kudlow, the u.s. economy is the next big target for terrorism. the attempted bombing of the new york federal reserve, one example a string of cyber attacks on banks. and now ahmadinejad remains a debt laden country and he can't go on for long. ericans are alwao work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping gener
is tax reform dead if obama is re-elected? and will it just take -- we have to wait until mitt romney comes in. >> it's not dead. i'm sorry, david, i thought he directed the question at me. yeah, i'm afraid it is. you have to understand president obama struggles every day with his limitations, his vision is very constricted, he has no training, no experience, no imagination and worst of all, he has no willingness to consider a point of view that comes from outside his very, very seques r...
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Oct 6, 2012
10/12
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WJLA
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according to an independent, non-partisan stud barack obama and the liberals will raise taxes on the mididdle class by $4,0. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hihike on the middle class." want proof? read the non-partisan study for yourself at american.com. bama a his liberal allieies? we can't affordd four more years. i'm mitt romney and i approve this message. on gasoline. i am probably going to the gas station abt once a month. last time i was at a gas station was about...i uld say.y... twtwo months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ >>> what happens when a disillusioned lawyer decided to chase his dessert-loving dreams? he quits his job, goes to pastry school, opening a wildly popular dessert truck and parlays that success into his own new york city restaurant. and no
according to an independent, non-partisan stud barack obama and the liberals will raise taxes on the mididdle class by $4,0. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hihike on the middle class." want proof? read the non-partisan study for yourself at american.com. bama a his liberal allieies? we can't affordd four more years. i'm mitt romney and i approve this message. on gasoline. i am probably going to the gas station abt once...
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Nov 2, 2012
11/12
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we have a tax plan that doesn't add up. it sydromes major deficits unless you tell the middle class all the deductions are gone. you look at obama. one fundamental difference is he says you know what we're going food? we'll end the bush tax cuts for upper income earners. that is a step towards the clowing the deficit. i see more about addressing it from that alone from obama than anything from romney, which screams exploding deficit. >> you i go forred the fact that he's committed he will not allow the deficit to increase. in fact, he's willing to hold himself accountable for significant reduction in debt as a percentage to the economy. here's one thing about this. you can't play games with the numbers. ultimately one of the things that you really can hold a president responsible and accountable for is how do the numbers actually turn out? what does the deficit look like? what does the debt look like? what does economic growth look like? what does employment and inflation look like? these are objective numbers to hold peopl
we have a tax plan that doesn't add up. it sydromes major deficits unless you tell the middle class all the deductions are gone. you look at obama. one fundamental difference is he says you know what we're going food? we'll end the bush tax cuts for upper income earners. that is a step towards the clowing the deficit. i see more about addressing it from that alone from obama than anything from romney, which screams exploding deficit. >> you i go forred the fact that he's committed he will...
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Dec 27, 2012
12/12
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FOXNEWSW
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obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered the deficit. pass his tax cut. a win and he can blame the g.o.p. i would argue i don't think the g.o.p. had the ball on this fight. i don't think they gave it up. i don't think they had it. it's very tough for them to win against the white house like this. and a white house press corps that is not going to report anything negative against the president. >> eric: the ball is a debt ceiling. remember, all the negotiations, tell you, i'll get to greg, they have to go through the house. money negotiations go through the house. if the house says no on raising debt ceiling they can create havoc. go ahead. >> greg:
obama got to go on vacation in hawaii. >> eric: taxes revert to the bush tax cut expire and president obama says republicans look at this. tax cuts for everyone making under 250. can republicans say no to tax cut in 2013? >> andrea: it will be tough. not tougher than the p.r. battle they are fighting now. i think he wants that scenario, eric. i think obama thinks going off the cliff is a win for him so he can pass the obama tax cut and say look, i'm bringing in revenue. i lowered...
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Sep 19, 2012
09/12
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MSNBC
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if you are doing well enough financially, you can pay a tax. >> reporter: president obama reacting to the comment about the 47%. >> my expectation is if you want to be president, you have to work for everybody, not just some. >> reporter: some high profile republicans are backing their nominee. >> governor romney was saying we need to get people off of assistance. that means job creation. >> reporter: despite the gaffe, romney raised $6.5 million tuesday. as for that poll, president obama's approval rating is up just slightly, but it is up over a month ago, just a few points on the economy and overall. over all, he's at 50%, which is his best since march. lynn? >> thanks. >>> it is back to school for students in chicago today after a seven-day strike, union teachers voted to accept the latest proposal and present it for a final vote. jay gray has that story. >> reporter: after seven days of picketing and protest -- >> parents, teachers unite for better schools -- >> reporter: classrooms sitting empty. parents and teachers get back to school in chicago. >> this was the time and the pla
if you are doing well enough financially, you can pay a tax. >> reporter: president obama reacting to the comment about the 47%. >> my expectation is if you want to be president, you have to work for everybody, not just some. >> reporter: some high profile republicans are backing their nominee. >> governor romney was saying we need to get people off of assistance. that means job creation. >> reporter: despite the gaffe, romney raised $6.5 million tuesday. as for...
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Dec 25, 2012
12/12
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FBC
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the obama administration is pushing for new taxpayer support for wind projects. with our budget deficit soaring an intense debate is heating up over whether the government should be throwing your tax dollars at industry the first place. i asked robert bryce, senior fellow at the manhattan institute about this issue. let's start with the tax credit. >> sure. gerri: this is industry, let's face it they don't have a whole lot to show for themselves yet we subsidize them to the tune of $1.2 billion. why? >> remember the industry said we're all about reducing carbon dioxide. that was the whole argument. now it shifted we create jobs argument. if congress does not extend production tax credit we'll lose 37,000 jobs. they might get an extension but there is big push among utilities, a lot of groups to end the tax credit and it very well could be ended. gerri: it doesn't work that well. 84% fail to produce electricity when the demand is great. as a solution to our energy problems how would you rate it? >> it is not a solution and it is wholly dependent on electric utilit
the obama administration is pushing for new taxpayer support for wind projects. with our budget deficit soaring an intense debate is heating up over whether the government should be throwing your tax dollars at industry the first place. i asked robert bryce, senior fellow at the manhattan institute about this issue. let's start with the tax credit. >> sure. gerri: this is industry, let's face it they don't have a whole lot to show for themselves yet we subsidize them to the tune of $1.2...
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Jul 16, 2012
07/12
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class and we don't, obama tax, that has to go and if you give us that, which they can't, but the democrats would not know what to do. all the republicans, it is like playing poker. they have just thrown out this bluff, and we will play a better card and it will fold. but, instead, because they are confident the republicans will always run like the french general staff in 1914 or 1940. >>neil: do they base this whatever you want to call it on the view that republicans are getting inconsistent on the tax question? >>pat: in they are saying 67 percent of people want rich people to pay more. in the same rasmussen poll, do you thing it is a good time to raids taxes? no. will it hurt you? no. they are thinking, and we said making certain sports equipment off of players, they think they have them on the run all the republicans have to do is give them and say we will negotiate. here is what we 8 do. we want there and this and you tell us why you will tax middle class people. >> say that doesn't happen and we are left with the democrats -- who suffers in the event? i was in washington last summer w
class and we don't, obama tax, that has to go and if you give us that, which they can't, but the democrats would not know what to do. all the republicans, it is like playing poker. they have just thrown out this bluff, and we will play a better card and it will fold. but, instead, because they are confident the republicans will always run like the french general staff in 1914 or 1940. >>neil: do they base this whatever you want to call it on the view that republicans are getting...
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Sep 24, 2012
09/12
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president obama is leading about the handling of taxes. president obama leads mr. romney on nearly every issue polled including standing up for the middle class, foreign policy and medicare. the only issue where romney has an advantage is on the budget and on federal spending where he leads 50 to 45. >>> in what's considered a bit of a preview for the upcoming debates, president obama and mitt romney were both asked about foreign policy in the middle east including about the u.s. relationship with israel. >> the president's decision not to meet with bebe netanyahu, the president of israel when he's here is a mistake and it sends a message throughout the middle east that somehow we distanced ourselves from our friends and i think the exact opposite approach is what's necessary. >> well look i have conversations with prime minister netanyahu all the time and i understand and share prime minister netanyahu's insincestence that they should not get a nuclear weapon. i feel an obligation not pressure but obligation to make sure that we're in close consultation with the i
president obama is leading about the handling of taxes. president obama leads mr. romney on nearly every issue polled including standing up for the middle class, foreign policy and medicare. the only issue where romney has an advantage is on the budget and on federal spending where he leads 50 to 45. >>> in what's considered a bit of a preview for the upcoming debates, president obama and mitt romney were both asked about foreign policy in the middle east including about the u.s....
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Dec 27, 2012
12/12
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we had a nation that voted for obama's plan to raise taxes on the wealthy. >> that's a good idea. we should raise taxes on the 2% wealthiest people in america. but there's this group of people on the far right that will vote them out of office. they will put up somebody farther right than the people we have in washington and get them out of office. so they're all afraid to vote for a modest tax increase of people who can totally afford it. and that small group of people is dominating this discussion to the detriment of the entire nation. >> john mcccain said this. interesting it has interestingly become clear that the party is against everything and for nothing. nothing on taxes to you. nothing on gun control. nothing on climate change. nothing only gay marriage. nothing on immigration reform on incremental peace approach which will result in nothing. it's a very odd situation when the losing party is the party refusing to negotiate. it may be how you disrupt, but it is now how you govern or how you ever hope to regain a majority. listen to these strategists from the right. >> we
we had a nation that voted for obama's plan to raise taxes on the wealthy. >> that's a good idea. we should raise taxes on the 2% wealthiest people in america. but there's this group of people on the far right that will vote them out of office. they will put up somebody farther right than the people we have in washington and get them out of office. so they're all afraid to vote for a modest tax increase of people who can totally afford it. and that small group of people is dominating this...
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Dec 5, 2012
12/12
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yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the base at that points. >> in the meantime, now the gop is fighting with itself. speaker boehner is facing growing backlash from the more conse
yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go...
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Oct 19, 2012
10/12
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MSNBC
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romney says i'm going to do all this, i'm going to just cut taxes for the middle class. i'm not interested in rich people, they'll pay the same percentage of tax they pay now. what does that do? he thinks we're dumb. we keep saying, show us your budget. where are your numbers? the president has given you a budget. he said you won't like all of it. it adds s 2 1/2 dollars to so cuts. here are my numbers. where are your numbers? this guy ran bain capital and he's a business guy and he's highing his budget? that ought to tell you something. >> i'm here today because i've lived long enough to know despite the galvanizing moments in history, the future is rarely a tide rushing in. it's often a slow march, inch by inch, day after long day. and i believe we are in the midst of those long days right now. and i'm here because i believe president obama feels those days in his bones. for all 100% of us. >> okay. >> that's big. >> that's bruce. i like bruce. today former president clinton will stump in wisconsin on behalf of president obama. >> and mitt romney will be back on the ca
romney says i'm going to do all this, i'm going to just cut taxes for the middle class. i'm not interested in rich people, they'll pay the same percentage of tax they pay now. what does that do? he thinks we're dumb. we keep saying, show us your budget. where are your numbers? the president has given you a budget. he said you won't like all of it. it adds s 2 1/2 dollars to so cuts. here are my numbers. where are your numbers? this guy ran bain capital and he's a business guy and he's highing...
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Sep 10, 2012
09/12
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romney and his running mate, paul ryan opened the door for president obama yesterday on the campaign trail. >> governor romney and his allies tell us we can somehow lower our deficit by spending trillions of more dollars on new tax breaks for the wealthy. listen, you've got to do the math because when my opponents were asked about it today, they couldn't. it was like 2 plus 1 equals 5. that's not bold leadership. that's bad math. that gets a failing grade. >> mitt romney also was pressed by david gregory on why he avoided mentioning the war in afghanistan and the troops during his convention speech in tampa. an omission that democrats and some republicans have criticized. >> it's interesting that people are curious about mentioning words in a speech as opposed to policy. and so i went to the american legion the day before i gave that speech. >> you weren't speaking to tens of millions of people when you went to the american legion. >> everywhere i go is spoken to tens of millions of people. that's the way it ought to be. i have some differences on policy with the president. i happen
romney and his running mate, paul ryan opened the door for president obama yesterday on the campaign trail. >> governor romney and his allies tell us we can somehow lower our deficit by spending trillions of more dollars on new tax breaks for the wealthy. listen, you've got to do the math because when my opponents were asked about it today, they couldn't. it was like 2 plus 1 equals 5. that's not bold leadership. that's bad math. that gets a failing grade. >> mitt romney also was...
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Feb 13, 2012
02/12
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CNBC
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why the big part of the budget involves doubling the dividend tax for some americans. >> here is how we finished the day. the market had a good advance, and still finished up 72 points. nasdaq up 27.5 and the s&p 500 up about nine points on the trading session. so, not bad. but secertainly not the highs o the trading session. >> right, as we were saying we thought we would have a bigger gain today. >> one would think. >> with barrons calling for dow 15,000. >> right, you would have thought it was more. keep in mind there were dispointsing economic news coming out of japan. >> there's always something, isn't there? >> there s even though the markets moved higher, we saw a light volume day. we are seeing a seasonally slow time for the markets but we will take it, right? let's look at what helped to drive the markets higher today. we saw strength in industrial stocks and telecom was stropger and financials have been strongstrong er throughout the year, utilities are toning to be down. the dow leaders included bank of america, which is up some 40 plus percent this year and jpmorgan and u
why the big part of the budget involves doubling the dividend tax for some americans. >> here is how we finished the day. the market had a good advance, and still finished up 72 points. nasdaq up 27.5 and the s&p 500 up about nine points on the trading session. so, not bad. but secertainly not the highs o the trading session. >> right, as we were saying we thought we would have a bigger gain today. >> one would think. >> with barrons calling for dow 15,000. >>...
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take a look. >> this law is a tax. >> obama care is the biggest tax increase in american history. >> the government could decide that we're going to tax you if you don't eat broccoli on tuesday. >> in fact the affordable care act is a tax. it is the largest tax in america's history. >> the middle class tax increase. >> the largest tax increases on the middle class in history. >> obama care raises taxes on the ameran people. >> it's actually nowhere near the biggest tax increase in history. but all the same, according to the court, it is a tax. so there was a minor political tremor when romney's campaign chief bucked the party line and said this. >> the governor does not believe the mandate is a tax. that's what you're saying? >> the governor believes that what we put in place in massachusetts was a penalty and he disagrees with the court's ruling that the mandate was a tax. but again -- >> so he agrees with the president -- he agrees with the president that it is not -- and he believes that you shouldn't call the tax penalty a tax, you should call it a penalty or a fee or a fine? >>
take a look. >> this law is a tax. >> obama care is the biggest tax increase in american history. >> the government could decide that we're going to tax you if you don't eat broccoli on tuesday. >> in fact the affordable care act is a tax. it is the largest tax in america's history. >> the middle class tax increase. >> the largest tax increases on the middle class in history. >> obama care raises taxes on the ameran people. >> it's actually...
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Dec 6, 2012
12/12
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he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >>
he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us...
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Dec 29, 2012
12/12
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FOXNEWSW
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does this give president obama breathing room to hold out for the taxes on high earners. so be it it will be worse for conditions. >> i don't think either side wants this to happen. president obama doesn't want to give an inaugural address . conscience don't want to go over the cliff either. you want to start out in a new congress and in the new year on a right foot with a bipartisan agreement. we'll have a smaller deal hopefully before new years. >> i want to play a sound by the from charles krauthammer and get your take on this. listen to charles. >> it is clear from the beginning he had no intention to solve the fiscal issues. he's been using this and i must say with great skill and ruthless skill and success to fracture and basically shatter the republican opposition. the only redoubt of the opposition is the house . his objective from the very grinning was to break the will of the republican house and to create an internal civil war and he's done that. >> talking about president obama trying to create an internal civil war. you think it is a grand strategy. >> i don'
does this give president obama breathing room to hold out for the taxes on high earners. so be it it will be worse for conditions. >> i don't think either side wants this to happen. president obama doesn't want to give an inaugural address . conscience don't want to go over the cliff either. you want to start out in a new congress and in the new year on a right foot with a bipartisan agreement. we'll have a smaller deal hopefully before new years. >> i want to play a sound by the...
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Nov 28, 2012
11/12
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FOXNEWSW
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the big story here today is a new develop in the president obama's evident to get off the fiscal cliff. tonight on "special report," the president may be trying to divide budget negotiations in two pieces, insisting on tax increases for high earners this year with a promise to cut spending next year. some critics call it wimpy from popaye strategy, gladly paying you tuesday for a hamburger today. house speaker john boehner insists the republicans are willing to work with the mt. offering the tax revenues if significant spending cuts are part of the deal. is social security on table? should it be? we hear from the experts tonight. -up ambassador -- u.n. ambassador susan rice met on a charm offensive to explain comments after the libya terror attack, where she blamed the non-existent demonstration sparked by anti-islam video. "special report" from washington starts at 6:00 eastern. now back to new york and my kriegs with "the five." ♪ ♪ ♪ ♪ >> brian: i'm going with eric to pick my own music. [ laughter ] power ball hysteria is in full force today with hours to go before tonight's
the big story here today is a new develop in the president obama's evident to get off the fiscal cliff. tonight on "special report," the president may be trying to divide budget negotiations in two pieces, insisting on tax increases for high earners this year with a promise to cut spending next year. some critics call it wimpy from popaye strategy, gladly paying you tuesday for a hamburger today. house speaker john boehner insists the republicans are willing to work with the mt....
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Dec 5, 2012
12/12
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ambassador susan rice. >>> elsewhere, president obama has drawn a hard line on tax increases for the wealthiest of americans. rejecting an offer that republicans claim is as good as it's going to get. tracie potts joins us with the latest on this. good morning. >> reporter: right now it's looking more likely that we could, could, go over that fiscal cliff at the end of the month because right now, negotiations here are at a stand still. president obama talks to the business round table today after telling bloomberg he absolutely won't bunch. the wealthiest americans must pay more. >> we're not going to be able to get a deal without it. >> reporter: he may be in a good position to wait it out. a new poll found more half of americans will blame republicans if we go over the fiscal cliff. >> republicans do not want to touch one hair on the head of one person making over $250,000. that is the rub. >> they've got to come with some specific revenue. they refuse to do that. >> reporter: even other republicans are split on john boehner's plan to avoid tax hikes all together and admit negotia
ambassador susan rice. >>> elsewhere, president obama has drawn a hard line on tax increases for the wealthiest of americans. rejecting an offer that republicans claim is as good as it's going to get. tracie potts joins us with the latest on this. good morning. >> reporter: right now it's looking more likely that we could, could, go over that fiscal cliff at the end of the month because right now, negotiations here are at a stand still. president obama talks to the business round...
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Nov 29, 2012
11/12
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you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses or hurt our economy. >> meanwhile, president obama is again stepping into defend susan rice who was locked in a face-to-face power struggle with republicans on capitol hill for the second straight day. as nbc's andrea mitchell reports, it's not getting any easier for the women many believe who will be nominated for the next secretary of state. >> the primary purpose from my perspective -- >> with hillary clinton nodding approval, the president sent a strong message to the republicans, don't mess with my u.n. ambassador. rice a welcomed signal that her nomination is still alive despite another brutal day on capitol hill. >> the u.n. ambassador decided to play what was essentially a political role at the height of a contentious presidential election campaign. >> i would just ask the president to step back for a moment and realize that all of us here hold the secretary of state to a very different standard than most cabinet members. >> reporter: why is she s
you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses or hurt our economy. >> meanwhile, president obama is again stepping into defend susan rice who was locked in a face-to-face power struggle with republicans on capitol hill for the second straight day. as nbc's andrea mitchell reports, it's not getting any easier for the women many believe who will be nominated for the next secretary of state. >> the primary purpose from...
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Apr 18, 2012
04/12
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KQED
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in recent days, president obama pushed again for tax fairness in the form of a so- called buffet rule. >> you might have heard of this but warren buffet is paying a lower tax rate than his secretary. now that's wrong. that's not fair. >> ifill: the president wanted a minimum 30% tax rate on people making more than a million dollars a year. >> i'm saying you're bringing in a million bucks or more a year. then what the rule says is you should pay the same percentage of your income in taxes as middle class families do. and if we do that, then it makes it affordable for us to be able to say for those people who make under $250,000 a year, like 98% of american families do, then your taxes don't go up. >> ifill: but the senate voting largely along party lines rejected that approach last night. republicans dismissed it today as little more than an election year gimmick. >> what we've seen happen this week with the so-called buffet rule is transparent to the american people. it pre-tends like they're not smart enough to understand exactly the gamesmanship that is going on here. and that the p
in recent days, president obama pushed again for tax fairness in the form of a so- called buffet rule. >> you might have heard of this but warren buffet is paying a lower tax rate than his secretary. now that's wrong. that's not fair. >> ifill: the president wanted a minimum 30% tax rate on people making more than a million dollars a year. >> i'm saying you're bringing in a million bucks or more a year. then what the rule says is you should pay the same percentage of your...
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Dec 4, 2012
12/12
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and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way they calculate social security payments. i wonder, though, when we look at these numbers, are we that far apart in. >> i think they are definitely rather far aare part at this moment in time. yeah, absolutely. >> so there are so many ways that any of this could affect the average tack payer, obviously if taxes go up. but what about funding to states and localities. i know that one of the things that they are concerned about is that when you make cuts, that essentially those cuts are going to come on their budgets. what could happen in a meeting like this between bipartisan governors and the president? >
and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way...
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Jul 11, 2012
07/12
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obama tax hike, we will reveal. what he says to a 3% that is affected by it. this is what he means. 940,000 businesses including $1.3 trillion in income are subject to higher taxation. that means $689 billion. that's what the number is. gets it to this. the change in tax for small businesses, change only, $273 billion in the year 2013 alone. so when he says it doesn't effect small businesses, it's not true. i think it does. greg, obama call tax cut spending? >> greg: first off, wasn't that -- that was today, right? was he at a community college? was he speaking at a community college? where are all the successful green companies he can talk in front of? i guess they have all turned brown. only at community colleges. the thing, this makes no sense. he is saying that your paycheck is his property. he is actually counting on money you haven't made yet. for the next ten years. he is counting on that. rather than taking the responsibility of saying i will spend $1 trillion less. he is looking at america in their eyes an saying no, you should feel guilty if you don'
obama tax hike, we will reveal. what he says to a 3% that is affected by it. this is what he means. 940,000 businesses including $1.3 trillion in income are subject to higher taxation. that means $689 billion. that's what the number is. gets it to this. the change in tax for small businesses, change only, $273 billion in the year 2013 alone. so when he says it doesn't effect small businesses, it's not true. i think it does. greg, obama call tax cut spending? >> greg: first off, wasn't...
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Nov 26, 2012
11/12
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this is new barack obama. but if he back aceway and says call me if you get a deal we're in trouble. >> the president made clear he will not sign a bill that extends the bush era tax cuts or those making more than $250,000. math tells us that you can't get the kind of balanced approach you need. without having rates be part of the equation. >> eric: i have to ask you -- go ahead. >> dana: i'm listening and i'm thinking set aside politics for a second and say that you could get the money you wanted. in a different way. limiting deductions. limiting deductions. not talk about the spending. why wouldn't you take that deal? if you get the same results, why not do it? temporary measures have not worked. it seems that they are being, i understand they are in negotiations but again, doing something just because it works politically does not make necessarily for good policy. i think unfortunately we have come back to bite them. i think there will be a deal. to knowingly push the country to another recession is unconsc
this is new barack obama. but if he back aceway and says call me if you get a deal we're in trouble. >> the president made clear he will not sign a bill that extends the bush era tax cuts or those making more than $250,000. math tells us that you can't get the kind of balanced approach you need. without having rates be part of the equation. >> eric: i have to ask you -- go ahead. >> dana: i'm listening and i'm thinking set aside politics for a second and say that you could get...
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Dec 5, 2012
12/12
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. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table and then continue to negotiate the rest to have later. some of the republicans are now coalessing around that view that they should give into what the president is suggesting, at least temporarily, and continue to negotiate on the rest because there's a lot of political pain here for republicans if we do get to the point where we go over the cliff because of those higher tax rate pateryers, guys. >> all right, eamon. thank you. >> the talk continues, but none of it face to face. be sure to catch a liv
. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer...
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Sep 11, 2012
09/12
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CNN
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obama wants to tax the rich more. romney wants to cut income tax rates for everyone, even the very rich. >> i'm not proposing anything radical here. i just believe that anybody making over $250,000 a year should go back to the income tax rates we were paying under bill clinton. >> i will not raise taxes on the american people, i will not raise taxes on middle-income americans. we're going to make sure that americans have the money to pay their bills. >> all right. details are thin for romney's plan. but here's what we do know. what would happen to income taxes? income tax rates. romney wants to cut income tax rates by 20% for every income level. obama wants to split up the higher tax bracket and tax the rich more. now the big question is what would happen to some big deductions like carried interest. that's something that really rich people know about. the child tax credit and the mortgage interest deduction. we just don't know what romney has planned for those quite frankly. again details are thin. now for investment
obama wants to tax the rich more. romney wants to cut income tax rates for everyone, even the very rich. >> i'm not proposing anything radical here. i just believe that anybody making over $250,000 a year should go back to the income tax rates we were paying under bill clinton. >> i will not raise taxes on the american people, i will not raise taxes on middle-income americans. we're going to make sure that americans have the money to pay their bills. >> all right. details are...
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Nov 27, 2012
11/12
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today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro-growth tax reform that brudens the base and lowers rates. >> you don't raise rates, you just cap the amount of itemized deductions that taxpayers -- it hits the wealthy. >> reporter: the bottom line, republicans say americans borrowing too much money trying to keep medicare and social security afloat. lawmakers with the fix-the-debt coalition meet here tomorrow. >> there's going to come a point in time where we can't borrow any more money, and interest rates are going to skyrocket. >> th
today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone now hint they may...
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Sep 24, 2012
09/12
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stuff about not ever considering tax hikes on the rich. republican gospel, certainly in the obama era, something that paul ryan believes in and something tough to market across the country. repealing obama care has nothing to replace it with. very, very goss per on the richlt this is what paul ryan, attacking the associate safety net at the height of a great recession. you hear that rhetoric on the right. if you're running for president, you don't want to build your campaign around that. you have a romney campaign built itself around the proposition with unemployment the at 8%, they want to throw out the incumbent president and not and questions. the economy is bad, and i don't want to get into too many policy specifics here. paul ryan has a different approach to this campaign and one that they recognize is poisonous to general election voters. any see you as something bgsds a default protestvehicle. >> i agree. i want more paul ryan. >> i think ryan's pick here is sort of blemblem mattic the way the romney campaign has been run or not run
stuff about not ever considering tax hikes on the rich. republican gospel, certainly in the obama era, something that paul ryan believes in and something tough to market across the country. repealing obama care has nothing to replace it with. very, very goss per on the richlt this is what paul ryan, attacking the associate safety net at the height of a great recession. you hear that rhetoric on the right. if you're running for president, you don't want to build your campaign around that. you...
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Sep 25, 2012
09/12
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among his opponent's tax returns. >> he was asked does he think it's fair that he pays a lower tax rate than somebody making $50,000 a year and he said, yes, i think it's fair and i also think that's the way you get economic growth. >> i just got a different vision about how we grow an economy. i think, barbara, you grow an economy from the middle out, not from the top down. >> it wasn't just the president talking about taxes. secretary clinton also weighed in on the issue during a speech at the clinton global initiative. >> one of the issues that i have been preaching about around the world is collecting taxes in an equitable manner, especially from the elite in every country. you know, i'm out of american politics but -- [ applause ] >> -- it is a fact that around the world the elites of ref country are making money. there are rich people everywhere. and yet they do not contribute to the growth of their own countries. >> today both president obama and mitt romney will take part in this year's clinton global initiative. president kennedy, by the way, will be our guest this morning on "
among his opponent's tax returns. >> he was asked does he think it's fair that he pays a lower tax rate than somebody making $50,000 a year and he said, yes, i think it's fair and i also think that's the way you get economic growth. >> i just got a different vision about how we grow an economy. i think, barbara, you grow an economy from the middle out, not from the top down. >> it wasn't just the president talking about taxes. secretary clinton also weighed in on the issue...
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Jul 25, 2012
07/12
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>>neil: president obama likes to golf. you probably heard. >> the president obviously has a lot on his plate. >>neil: okay. today there are several key votes on taxes. what did they choose to focus on? the golf thing sending out a press release highlighting the golf outings and "rollcall," said we have other stuff to worry about. >> i thought this was stupid, there are more important things to zero in on. >>guest: you are right. the president does play golf. breaking news alert. and he likes basketball. but there are so many serious issues on capitol hill. you mentioned key votes that are occurring today. they are much more important than what the president likes to do in his spare time. this is something both parties are guilty of. i will see democrats attacking mitt romney for some of his athletic hobbies, such as jet skiing. >>neil: whether they jet ski or motorboat or any of that stuff, that is fine, but i think the attention should be on their policies and issues. i know what democrats see when they focus on romney an
>>neil: president obama likes to golf. you probably heard. >> the president obviously has a lot on his plate. >>neil: okay. today there are several key votes on taxes. what did they choose to focus on? the golf thing sending out a press release highlighting the golf outings and "rollcall," said we have other stuff to worry about. >> i thought this was stupid, there are more important things to zero in on. >>guest: you are right. the president does play...
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12/12
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what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for millions more. and more on the president's plan which will pitch to governors today largely spares social se
what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon...
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Nov 26, 2012
11/12
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obama has insisted that in any deal, tax rates on the wealthy must rise. but a top democrat signaled openness to the republican stance. revenue can be raised by closing loopholes and limiting deductions. >> they have to go up either real tax rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the country's stock market into a freefall. our reporter is in cairo with the very latest. ayman, good morning. >> reporter: good morning. egypt's stock market opened for a second straight day, and it plunged already by 4%. now, that's already a day after it lost 10%, and officials there had to stop trading just to prevent it from declining any further. that's the
obama has insisted that in any deal, tax rates on the wealthy must rise. but a top democrat signaled openness to the republican stance. revenue can be raised by closing loopholes and limiting deductions. >> they have to go up either real tax rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have...
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Mar 2, 2012
03/12
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. >>> president obama is urging voters to step up the pressure on congress to end tax breaks for oil and gas companies. in a speech in new hampshire yesterday, the president pushed for new investments in green energy while calling for an end to government subsidies for fossil fuels. however the white house plan does nothing to lower the immediate price at the pump. aaa puts the national average at $3.74 a gallon. that's up about 30 cents in just the past month alone. >>> tensions with iran loom over the energy question with heightened concerns an israeli air strike on tehran's nuclear program would drive up oil prices worldwide. at a fund-raiser last night in new york, the president responded to a heckler who shouted "no war in iran." >> we ended torture, we promoted human rights, with he made it clear that america's a pacific power, we demonstrated that if countries like burma travel down the road of democratic reform they will find a new relationship with the united states, and we are leading again by the power of our moral example. that's what change is. none of this changed -- no
. >>> president obama is urging voters to step up the pressure on congress to end tax breaks for oil and gas companies. in a speech in new hampshire yesterday, the president pushed for new investments in green energy while calling for an end to government subsidies for fossil fuels. however the white house plan does nothing to lower the immediate price at the pump. aaa puts the national average at $3.74 a gallon. that's up about 30 cents in just the past month alone. >>>...